Pepe Coin

Pepe

Coin

Pepe Coin Price Prediction: Meme coins are changing the trajectory of the crypto market following the widespread declines since last week. Pepe is at the forefront of the gains after surging 12% to $0.00001171. Other meme coins seem to be catching momentum including SHIB and DOGE. 
Also Read: <a href="https://coingape.com/sponsored/investors-are-rushing-to-buy-this-meme-coin-prior-to-the-mike-tyson-vs-jake-paul-fight-heres-why/">Investors Are Rushing To Buy This Meme Coin Prior To the Mike Tyson vs. Jake Paul Fight: Here’s Why</a> 
<h2 id="span-style-font-weight-400-pepe-coin-price-prediction-4-27m-pepe-move-to-binance-amid-market-correction-span">Pepe Coin Price Prediction: $4.27M PEPE Move to Binance Amid Market Correction</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/j/JTcZ70Li.png" alt="BINANCE:PEPEUSDT Chart " width="1946" height="937">
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 Pepe Coin Price Analysis| Tradingview
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Over the past three weeks, the PEPE coin has witnessed a sustained correction resonating within two downsloping trendlines of the flag. In theory, the chart pattern provides buyers with a temporary counter-trend move to recuperate the bullish momentum before the next move. 
Amid the recent market correction, the <a href="https://coingape.com/price/pepe-coin/">PEPE price</a> fell from $0.00001725 to $0.00000968 low, registering a 42.8% loss.&nbsp; 
According to Lookonchain, a major player in the crypto space, referred to as whales, deposited a staggering 407.74 billion $PEPE tokens, valued at approximately $4.27 million, into Binance. This transaction was made at a break-even price, occurring just two hours before the report. 
<blockquote class="twitter-tweet"> 
 As the market fell, a <a rel="nofollow" href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> smart money deposited all 407.74B <a rel="nofollow" href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a>($4.27M) into <a rel="nofollow" href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> at a breakeven price 2 hours ago. 
 This smart money made $5.4M on 8 tokens before.<a rel="nofollow" href="https://t.co/Pw9FeS8KU8">https://t.co/Pw9FeS8KU8</a> <a rel="nofollow" href="https://t.co/G2O1rvHbRX">pic.twitter.com/G2O1rvHbRX</a> 
 — Lookonchain (@lookonchain) <a rel="nofollow" href="https://twitter.com/lookonchain/status/1803104579409813816?ref_src=twsrc%5Etfw">June 18, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This smart money investor exited without much profit hints he/she does not expect a major move in PEPE in the near term. 
Also Read: <a href="https://coingape.com/markets/pepe-coin-price-analysis-40-rally-bull-flag-retracement/">Pepe Coin Price Analysis Hints 40% Rally As Bull Flag Forms Amid Healthy Retracement</a> 
However, despite the broader market correction and whale selling, the PEPE shows resilience above the pattern’s lower trendline, keeping the bullish pattern. If the pattern holds true, the Frog-themed memecoin could prolong its correction phase and continue to resonate within two trendlines. 
However, a breakout is imminent for the <a href="https://coingape.com/pepe-coin-whale-dumps-1-tln-coins-to-binance-price-risks-further-dip/">PEPE coin</a> which will signal the end of the correction phase. The breached trendline will provide buyers with suitable support and lead a 40-45% rally to rechallenge the high of $0.00000172. 
On a contrary note, if the coin PEPE slips below the lower trendline, the bullish thesis will be invalidated. If this happened, the sellers could extend the current correction to $0.0000089, followed by $0.0000076. 
<h2 id="span-style-font-weight-400-technical-indicator-span">Technical Indicator</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">EMAs: The PEPE price dropped below the 20-and-50-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">Exponential Moving Average</a> slope and may act as dynamic resistance against the recovery attempt of coin buyers.</li> 
 <li style="font-weight: 400;" aria-level="1">ADX: An uptick in the daily ADX slope at 26% signals that sellers are strengthening their grip over this asset to lead to a high momentum downfall.</li> 
</ul> 
The post <a href="https://coingape.com/markets/pepe-coin-price-analysis-hints-last-pullback-before-a-new-high-to-0-00002/">Pepe Coin Price Prediction: Bullseye On $0.00002 As PEPE Leads Meme Coin Recovery</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Pepe Coin Price Prediction: Bullseye On $0.00002 As PEPE Leads Meme Coin Recovery

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